Short Interest in YRC Worldwide Inc (NASDAQ:YRCW) Decreases…

Short Interest in YRC Worldwide Inc (NASDAQ:YRCW) Decreases…


YRC Worldwide Inc (NASDAQ:YRCW) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 6,430,000 shares, a decrease of 18.5% from the October 31st total of 7,890,000 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is currently 4.9 days. Currently, 19.7% of the shares of the stock are short sold.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Allied Advisory Services Inc. acquired a new stake in shares of YRC Worldwide during the third quarter worth about $51,000. BlackRock Inc. lifted its position in shares of YRC Worldwide by 1.3% during the second quarter. BlackRock Inc. now owns 2,354,316 shares of the transportation company’s stock worth $9,489,000 after purchasing an additional 30,560 shares in the last quarter. Rhumbline Advisers lifted its position in shares of YRC Worldwide by 10.6% during the third quarter. Rhumbline Advisers now owns 54,700 shares of the transportation company’s stock worth $165,000 after purchasing an additional 5,231 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of YRC Worldwide during the second quarter worth about $216,000. Finally, Acadian Asset Management LLC lifted its position in shares of YRC Worldwide by 33.3% during the second quarter. Acadian Asset Management LLC now owns 532,130 shares of the transportation company’s stock worth $2,144,000 after purchasing an additional 132,799 shares in the last quarter. 66.99% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. ValuEngine raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. YRC Worldwide has a consensus rating of “Hold” and a consensus target price of $7.08.

YRC Worldwide stock opened at $2.69 on Friday. YRC Worldwide has a 52-week low of $1.95 and a 52-week high of $8.67. The company has a fifty day simple moving average of $3.61 and a 200-day simple moving average of $3.50. The firm has a market capitalization of $106.22 million, a price-to-earnings ratio of 5.98 and a beta of 4.60.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.03. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that YRC Worldwide will post -2.32 EPS for the current fiscal year.

YRC Worldwide Company Profile

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

Further Reading: Hold Rating

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Moving & Transportation Services CEO Jonathan Cartu

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